Debt Limit Tees Up a Political Showdown

The Treasury Department says the US hit the debt ceiling today, setting up a showdown in Washington to either raise it or risk economic turmoil. CNN Political Director David Chalian explains why raising the government’s borrowing cap is being politicized. House Republicans want concessions in exchange for raising the debt limit, while the White House isn’t willing to negotiate. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices